Chart of the Week: Commercial and Multifamily Mortgage Debt Outstanding

According to MBA’s Quarterly Mortgage Debt Outstanding Report, total commercial and multifamily mortgage debt outstanding increased by 3.7% year-over-year, rising from $4.62 trillion in Q4 2023 to $4.79 trillion in Q4 2024. This growth reflects continued investment in commercial real estate, with sector-specific variations in debt allocation.

Chart of the Week: IMB Pre-Tax Net Production Income

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of 4 basis points in the fourth quarter, a decrease from the net profit of 18 basis points in the third quarter, MBA’s Quarterly Mortgage Bankers Performance Report found.

Chart of the Week: Top 8 FHA Homebuilder Originators

The headwinds facing mortgage transactions continued unabated in 2024 as home prices reached new record highs while the 30-year mortgage rate rose back over 7%. One sector that effectively dealt with these impediments was the homebuilders.

Chart of the Week: FHFA Purchase-Only House Price Index

Annualized home price growth in the U.S. peaked between the second half of 2021 and first half of 2022 before decelerating through most of 2023 as rising mortgage rates and tight inventory contributed to a pullback in demand.

MBA Chart of the Week: New Home Purchase Applications by Loan Type

Mortgage applications to buy newly built homes have been seeing year-over-year growth since 2023, and in the MBA Builder Applications Survey results for September 2024, purchase applications were up 11% on an annual basis.